Central Banks
Debt to reserve ratio key indicator of country default: World Bank research
World Bank paper identifies ratio of debt to reserves as most important indicator of sovereign default
Banks’ role to be reduced in future financial system, IMF says
IMF position note says non-bank financial firms will see roles expand; IMF must refine its methods and broaden its view to keep up with changes
Kansas’s Hoenig calls for Fed to oversee mobile payments
Central bank is the only authority that will take holistic view of mobile payments security, Kansas Federal Reserve president Thomas Hoenig says
Unemployment caused by structural mismatch: Minneapolis Fed’s Kocherlakota
Minneapolis Federal Reserve president Narayana Kocherlakota analyses the breakdown between job openings and unemployment in the United States
Bernanke dismisses higher inflation targets, unconvinced on conditional commitment
Federal Reserve chairman Ben Bernanke rejects higher inflation targets; says conditional rate commitment too risky, despite success in Canada
Too much expected of central banks: CentralBanking.com poll
CentralBanking.com poll shows more than 66% of readers think monetary authorities cannot be expected to boost growth and protect price stability
Riksbank's Öberg calls for careful policy normalisation
Riksbank first deputy governor Svante Öberg points to risk in returning benchmark rate to pre-crisis levels
Basel Committee defends adjustments to Basel III as calibration decisions loom
Regulators describe difficulties ahead as they prepare for Basel III calibration and transition decisions in September
Canada's Murray: 2% inflation target not necessarily optimal
Bank of Canada deputy John Murray says inflation targets could be even lower than 2%
BoJ slashes bonuses and top officials’ pay
Bank of Japan shaved $2 billion off 2009 expenditure through salary and spending cuts, annual report shows; lower banknote costs and interest payments also contributed to savings
Bank of Canada on inflation expectations
Bank of Canada Review features articles on targeting inflation expectations, rate pledges and using monetary policy to tackle imbalances
Peru nearly doubles reserve ratio on foreign deposits
Central Bank of Peru raises reserve requirement on foreign deposits to 120% in bid to stem capital inflows
Fed looks to take Bloomberg battle to Supreme Court
Federal Reserve asks appeals court for stay on ruling that will force it to reveal emergency lending details; central bank considering appeal to country’s highest court as last resort
BoK’s Kim on upcoming G20 summit
Bank of Korea governor Kim Choong-soo hails country as model for the world
Eurozone lending gathers steam: ECB
European Central Bank figures show growth of bank lending in single currency area increased in July; data follow signs of pickup in loan demand
New Basel proposals threaten bank sub debt, investors warn
Bond investors voice concerns over freedom given to national regulators to determine trigger events for conversions or haircuts
BoK minutes: herd mentality cause of jittery won
Bank of Korea's Monetary Policy Committee keeps watchful eye on political tensions with North; blames won volatility on investors’ pack mentality
SNB appoints new media spokesman
Swiss National Bank names broadsheet economics deputy editor Walter Meier as new media spokesman; Meier to start in early 2011
Philippines’ Tetangco on effective governance
Central Bank of the Philippines governor Amanda Tetangco stresses importance of effective governance for growth
India and China set to drive global demand for gold
World Gold Council says demand for gold jewellery in India and China will ensure robust gold market in 2010